NZD/USD – 4H – BUY

The pair New Zealand Dollar/US Dollar (NZD/USD) breaks through the bearish trendline up.

The bullish trend upwards to the next resistance line at 0.5691 is expected.

Caution: A possible counter-trend in the direction of support at 0.56342 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Northern Doji’ chart pattern is existing. The chart shows ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.5691 – 0.56698 – 0.58011 – 0.56342 – 0.56057 – 0.56301 —
0.56800 – 0.56581 —
49.357457790219 – 44.731001270283 —
– —
0.56910 – 1763092800

Trading Signals: FOREX – NZD – NZD/USD – USD – Northern Doji – Symmetrical Triangle Chart Pattern – – – –